Standard Deviation Day

Today Is a perfect what's called a Standard Deviation Day in EUR/USD, GBP/USD. Both pairs are down over 100 PIPS and chances it will remain that way for the rest of the day. I would be looking to sell the strength instead buying the dips in hopes of them retracing back. I would sell every bounce. Don't go against a Standard Deviation Day.

Today Is a perfect what's called a Standard Deviation Day in EUR/USD, GBP/USD. Both pairs are down over 100 PIPS and chances it will remain that way for the rest of the day. I would be looking to sell the strength instead buying the dips in hopes of them retracing back. I would sell every bounce. Don't go against a Standard Deviation Day.

Plus, EUR expected to cut rates as soon as next week. 04.01.04

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There is no way ECB is going to cut rates.

As the rumor moved the market last time (Germany and France bitching out, and other "indicators" being seen) so it is this time.

All Trichet said was to motivate the member countries to get off their duff and try harder. He did NOT indicate a cut was being considered, nor will he cut rates.

The dumbass analysts, economists and desk traders ran with it, as usual.

As I mentioned Standard Deviation Day !!! Plus the mention of the EUR rate cut are all factors of this huge sell off. People that do not believe in rate cut and are buying the pairson dips are loosing a lot of money today . Hope it's none of you.

Let's not forget the big IFO number comiing out.

Whatch those support levels. Looks scary.

I never said ECB WILL cut rates. If I knew that I would not be on this chat.

Today Is a perfect what's called a Standard Deviation Day in EUR/USD, GBP/USD. Both pairs are down over 100 PIPS and chances it will remain that way for the rest of the day. I would be looking to sell the strength instead buying the dips in hopes of them retracing back. I would sell every bounce. Don't go against a Standard Deviation Day.